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4 Stocks Dragging In The Technology Sector

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Two out of the three major indices are trading lower today with the
Dow Jones Industrial Average (
^DJI) trading up 48 points (0.3%) at 16,465 as of Friday, Jan. 17, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,451 issues advancing vs. 1,447 declining with 177 unchanged.

TheStreet would like to highlight 4 stocks pushing the sector lower today:

4.
China Unicom (Hong Kong (
CHU) is one of the companies pushing the Technology sector lower today. As of noon trading, China Unicom (Hong Kong is down $0.23 (-1.7%) to $13.31 on heavy volume. Thus far, 488,473 shares of China Unicom (Hong Kong exchanged hands as compared to its average daily volume of 500,900 shares. The stock has ranged in price between $13.26-$13.41 after having opened the day at $13.40 as compared to the previous trading day's close of $13.54.

China Unicom (Hong Kong) Limited, an investment holding company, engages in the provision of cellular, fixed line, and broadband services in China. China Unicom (Hong Kong has a market cap of $32.9 billion and is part of the telecommunications industry. The company has a P/E ratio of 29.1, above the S&P 500 P/E ratio of 17.7. Shares are down 10.1% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate China Unicom (Hong Kong a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates
China Unicom (Hong Kong as a
hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. Get the full
China Unicom (Hong Kong Ratings Report now.